Ferrell, O. C.,

Social responsibility and business / by O.C. Ferrell, Debbie M. Thorne, and Linda Ferrell. - Fourth edition ; Philippine edition. - Pasig, Philippines : Cengage Learning, c2012. - xvii, 667 pages : illustrations (black and white) ; 23 cm.

Includes bibliographical references and index.

Contents: Chapter 1. Social responsibility framework -- Chapter 2. Strategic management of stakeholder relationships -- Chapter 3. Corporate governance -- Chapter 4. Legal, regulatory, and political issues -- Chapter 5. Business ethics and ethical decision -- Chapter 6. Strategic approaches to improving ethical behavior -- Chapter 7. Employee relations -- Chapter 9. Community relations and strategic philanthropy -- Chapter 10. Technology issues -- Chapter 11. Sustainability issues -- Chapter 12. Social responsibility in a global environment.

"Social Responsibility Business introduces a strategic social responsibility framework for courses that address the role of business in society, Social respon sibility is concerned with issues related to values and expectations, as well as the rights of members of society. We view social responsibility as the extent to which a business adopts a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected by all its stakeholders.

The Fourth Edition has been completely updated to capture the dynamic nature of today's environment as well as the evolving strategic approaches to managing the societal interface with business. This revision reflects the challenges faced by the deepest recession in the last eighty years. A collapse of major world financial institutions resulted from excessive risk-taking, ethical misconduct, and the failure to consider stakeholder interests. Most agree that questionable ethi cal and social decision making, exploiting legal and regulatory loopholes, and avoiding stakeholder transparency caused the recent series of economic disasters. Legendary companies such as Lehman Brothers, Bear Stearns, Merrill Lynch, Countrywide Financial, and AIG no longer exist as independent companies. Their stakeholders lost most, if not all, of their investments. On the other hand, during the same period of time, companies recognized for being ethically and socially responsible-such as IBM, Motorola, General Mills, and Texas Instruments-recovered quickly after the recession.

We have been diligent in this revision about discussing the most up-to-date findings and describing best practices related to social responsibility. The innova-tive text, cutting-edge cases, and comprehensive teaching and learning package ensure that business students understand and appreciate concerns about business ethics, social auditing, corporate social responsibility, corporate governance, sus-tainability, and a host of other factors involving a global perspective for today's business leaders. The soft cover format is affordable to students and provides more opportunities for instructors to supplement the course content or to further customize the content to meet their needs." --Preface

Adult


Text in English

9789814416580 [newsprint]


Business.
Management --United States.
Social responsibility of business.
Industries --Social aspects.

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